Global Sustainable Plastic Packaging Market

Global Sustainable Plastic Packaging Market by Packaging Type (Rigid Plastic Packaging, Flexible Plastic Packaging, and Industrial Plastic Packaging), by Packaging Format (Primary, Secondary, and Tertiary), By Process (Recyclable, Reusable, and Biodegradable), By End-User Industry (Food & Beverages, Personal Care, Healthcare and Others), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)

Global Sustainable Plastic Packaging Market Overview:

The Sustainable Plastic Packaging is helping address sustainability concerns across industries and reduce environmental impact. To describe a product or material as sustainable, it must be environmentally, economically, and socially sustainable. Plastics are durable, lightweight and thus save weight in cars, aircraft, packaging, and pipework. Plastics provide unparalleled benefits as a packaging material due to it is lightweight, resource-efficient, and offer excellent barrier properties. These properties of plastics packaging items significantly reduce waste and save energy.

Global Sustainable Plastic Packaging Market Insights

The global sustainable plastic packaging market size value was stood at USD 77.02 billion in 2019 and projected to reach USD 134.89 billion by 2027, registering a CAGR of 6.93%, during the forecast period, 2020-2027. The major factors are the surge in consumption of packaged food & beverages, stringent regulation, and innovation in sustainable materials. Further, the rise in environmental consciousness among the consumers is strengthening the market growth.  Additionally, the advent of bioplastic, environmental concerns on sustainable development, and stringent rules and policy by regulatory authorities will impact the growth of the sustainable plastic packaging industry in the upcoming periods. Also, the increasing use of renewably sourced materials, rising use of recycled content, and improvements in packaging and logistical efficiency are expected to witness remarkable growth of the market.

Moreover, the surge in consumer awareness regarding luxury goods and bioplastic use in various sectors, such as FMCG, personal body care, and pharmaceuticals, is driving the market growth during the forecast period. In January 2017, thousands of international leaders attended the World Economic Forum (WEF) annual meeting to formulate strategic plans for more than a dozen global initiatives. During this meeting, more than 40 packaging industry leaders signed a new global action plan, making detailed recommendations on the production, use, and post-use disposal of plastic products. Furthermore, the growing government campaigns for educating consumers about the benefits of eco-friendly products and the harmful effects of toxic packaging materials will spur the global sustainable plastic packaging market share in the projected periods. The surge in consumer demand for the use of green packaging for organic food is expected to propel the demand for sustainable plastic packaging over the coming years. Additionally, the growing use of bioplastics is promoted by major regulatory bodies worldwide, for reducing carbon footprint substantially will trigger the growth of the market in the future timeframe.

Growth Driver

Government initiatives toward sustainable packaging

Governments worldwide have responded to public concerns regarding packaging waste, especially single-use packaging waste, and are implementing regulations to minimize environmental waste and improve waste management processes. The most developed countries and regions are taking significant steps to introduce regulations to drive sustainability. Others are still operating as per the status quo, with limited or no regulations in place. New EU Directive announced in May 2019, for Single-Use Plastics, aims to reduce leakage of the ten single-use plastic products most often found on European beaches.

Shifting of consumer preference toward recyclable and eco-friendly materials

FMCG brands are increasingly aware of packaging’s environmentally friendly nature as one of the key selling points of consumer-packaged goods. Increasing awareness about environmental concerns among consumers and industries is primarily increasing the growth of the sustainable packaging market. Growing public awareness about environmental concerns has resulted in higher demand for sustainable packaging and processing operations. Sustainability initiatives have advanced considerably, leading manufacturers to reduce the source material by downgrading, creating thinner and lighter packaging, and reducing waste.

Packaging Type Segmental Analysis

Based on the packaging type, the global sustainable plastic packaging market classified into rigid plastic packaging, flexible plastic packaging, and industrial plastic packaging. The rigid plastic packaging is expected to be the largest market for sustainable plastic packaging during the forecast period. The segment’s growth is primarily attributed to the growing usage of rigid plastic packaging in industrial applications for packing, storage, and transportation of chemicals and gaseous.

The flexible plastic packaging will witness a momentous growth rate in the estimated period due to swelling demand for flexible packing solutions in food and beverage, personal care, and household care applications.

Packaging Format Segmental Analysis

Based on the packaging format, the global sustainable plastic packaging market segregated into primary, secondary, and tertiary. The secondary segment is expected to witness steady growth over the forecast period. It is due to the secondary packaging improve the appealing and handling convenience features of the product. Additionally, secondary packing used as display packaging in retail locations such as grocery stores.

The primary packaging will be the fastest-growing segment in the forecast period. It is owing to primary packaging related to the real product, and it protects the product and inform or attract a customer.

Process Segmental Analysis

Based on the process, the global sustainable plastic packaging market segregated into recyclable, reusable, and biodegradable. The biodegradable segment estimated to lead the market by 2027 due to it decomposes naturally in the environment, less harmful to the environment than traditional plastics, and composed of bioplastics manufactured from renewable raw materials.

The recyclable will grow at a significant rate during the forecast period on account of the increasing demand for it from the food and beverage sector.

End-User Industry Segmental Analysis

Based on the end-user industry, the global sustainable plastic packaging market segmented into food & beverages, personal care, healthcare, and others. The food & beverage segment held for a significant market share in 2019 and will witness to gain maximum market revenue by 2027. It is attributable to sustainable plastic to reduce food loss and increase the shelf-life of food products. Additionally, expectations of food quality, hygiene, and growing health awareness are driving the growth of sustainable plastic packaging in the food industry.

The personal care segment is poised to witness significant growth over the forecast period due to the surge in demand for personal care products in young populations across the world, coupled with the rise in disposable incomes.

Region Segmental Analysis

Based on geography, the global sustainable plastic packaging market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific witnessed tremendous growth in 2019. Due to growing developmental activities, rapid economic expansion, and rising population in the region, it presents a vast customer base for FMCG products and consumer durables and increasing awareness among the masses about the importance of eco-friendly, renewable packaging,

Europe will capture a prominent share of the sustainable plastic packaging market by 2027. The European Union undertakes favorable government initiatives in promoting the use of sustainable plastic packaging and the presence of health and environmentally conscious consumers.

Competitor Analysis

Companies such as Amcor PLC, Sonoco Products Company, Sealed Air Corporation, Huhtamaki OYJ, Berry Global Inc., Smurfit Kappa, Mondi Plc, Uflex Ltd, Constantia Flexibles, Genpak Llc, Plastic Suppliers Inc., Natureworks Llc, Phoenix Technologies International LLC, Novamont S.P.A, Innovia Films, Essel Propack, and Gerresheimer Ag are the key players in the global sustainable plastic packaging market.

Key Stakeholders

  • Market research and consulting firms
  • Industry associations
  • Global sustainable plastic packaging manufacturing firm
  • Research organizations and consulting companies
  • Organizations, associations, and alliances related to sustainable plastic packaging
  • Regulatory bodies
  • Suppliers
  • Retailers

The objective of the Research

  • Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
  • Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
  • Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
  • Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
  • The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Packaging Type

  • Rigid Plastic Packaging
  • Flexible Plastic Packaging
  • Industrial Plastic Packaging

By Packaging Format

  • Primary
  • Secondary
  • Tertiary

By Process

  • Recyclable
  • Reusable
  • Biodegradable

By End-User Industry

  • Food & Beverages
  • Personal Care
  • Healthcare
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Global Sustainable Plastic Packaging Market

Report Content

  1. Research Strategic Development
    • Market Modelling
    • Product Analysis
    • Market Trend and Economic Factors Analysis
    • Market Segmental Analysis
    • Geographical Mapping
    • Country Wise Segregation
  2. Research Methodology
    • Identification of Target Market
    • Data Acquisition
    • Refining of Data/ Data Transformations
    • Data Validation through Primary Techniques
    • Exploratory Data Analysis
    • Graphical Techniques/Analysis
    • Quantitative Techniques/Analysis
    • Visual Result/Presentation
  3. Executive Summary
  4. Market Insights
    • Supply Chain Analysis
    • Economic Factor Analysis
      • Drivers
      • Trends
      • Opportunities
      • Challenges
    • New Technological Landscape
    • Competitors & Product Analysis
    • Regulatory Framework
    • Company market share analysis, 2019
    • Porter’s Five forces analysis
    • New Investment Analysis
    • PESTEL Analysis
  5. Global Sustainable Plastic Packaging Market Overview
    • Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Million Metric Tons)
      • Market Share & Forecast, 2016-2027
        • By Packaging Type
          • Rigid Plastic Packaging
          • Flexible Plastic Packaging
          • Industrial Plastic Packaging
        • By Packaging Format
          • Primary Packaging
          • Secondary Packaging
          • Tertiary Packaging
        • By Process
          • Recyclable
          • Reusable
          • Biodegradable
        • By End-User Industry
          • Food & Beverages
          • Personal Care
          • Healthcare
          • Others
        • By Region
          • North America
          • Europe
          • Asia Pacific
          • South America
          • Middle East & Africa
  1. North America Sustainable Plastic Packaging Market Overview
    • North America Sustainable Plastic Packaging Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Million Metric Tons)
      • North America Sustainable Plastic Packaging Market Share & Forecast, 2016-2027
        • By Packaging Type
          • Rigid Plastic Packaging
          • Flexible Plastic Packaging
          • Industrial Plastic Packaging
        • By Packaging Format
          • Primary Packaging
          • Secondary Packaging
          • Tertiary Packaging
        • By Process
          • Recyclable
          • Reusable
          • Biodegradable
        • By End-User Industry
          • Food & Beverages
          • Personal Care
          • Healthcare
          • Others
        • By Country
          • US
          • Canada
          • Mexico
        • Price-Point Analysis
        • Manufacturer & Distributor List (Top 5)
        • Company Market Share (Top 3-5)
        • Economic Impact Study on North America Sustainable Plastic Packaging Market
  1. Europe Sustainable Plastic Packaging Market Overview
    • Europe Sustainable Plastic Packaging Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Million Metric Tons)
      • Europe Sustainable Plastic Packaging Market Share & Forecast, 2016-2027
        • By Packaging Type
          • Rigid Plastic Packaging
          • Flexible Plastic Packaging
          • Industrial Plastic Packaging
        • By Packaging Format
          • Primary Packaging
          • Secondary Packaging
          • Tertiary Packaging
        • By Process
          • Recyclable
          • Reusable
          • Biodegradable
        • By End-User Industry
          • Food & Beverages
          • Personal Care
          • Healthcare
          • Others
        • By Country
          • Germany
          • UK
          • France
          • Italy
          • Rest of Europe
        • Price-Point Analysis
        • Manufacturer & Distributor List (Top 5)
        • Company Market Share (Top 3-5)
        • Economic Impact Study on Europe Sustainable Plastic Packaging Market
  1. Asia Pacific Sustainable Plastic Packaging Market Overview
    • Asia Pacific Sustainable Plastic Packaging Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Million Metric Tons)
      • Asia Pacific Sustainable Plastic Packaging Market Share & Forecast, 2016-2027
        • By Packaging Type
          • Rigid Plastic Packaging
          • Flexible Plastic Packaging
          • Industrial Plastic Packaging
        • By Packaging Format
          • Primary Packaging
          • Secondary Packaging
          • Tertiary Packaging
        • By Process
          • Recyclable
          • Reusable
          • Biodegradable
        • By End-User Industry
          • Food & Beverages
          • Personal Care
          • Healthcare
          • Others
        • By Country
          • China
          • India
          • Japan
          • Australia
          • Rest of Asia Pacific
        • Price-Point Analysis
        • Manufacturer & Distributor List (Top 5)
        • Company Market Share (Top 3-5)
        • Economic Impact Study on Asia Pacific Sustainable Plastic Packaging Market
  1. South America Sustainable Plastic Packaging Market Overview
    • South America Sustainable Plastic Packaging Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Million Metric Tons)
      • South America Sustainable Plastic Packaging Market Share & Forecast, 2016-2027
        • By Packaging Type
          • Rigid Plastic Packaging
          • Flexible Plastic Packaging
          • Industrial Plastic Packaging
        • By Packaging Format
          • Primary Packaging
          • Secondary Packaging
          • Tertiary Packaging
        • By Process
          • Recyclable
          • Reusable
          • Biodegradable
        • By End-User Industry
          • Food & Beverages
          • Personal Care
          • Healthcare
          • Others
        • By Country
          • Brazil
          • Argentina
          • Rest of South America
        • Price-Point Analysis
        • Manufacturer & Distributor List (Top 5)
        • Company Market Share (Top 3-5)
        • Economic Impact Study on South America Sustainable Plastic Packaging Market
  1. Middle East & Africa Sustainable Plastic Packaging Market Overview
    • Middle East & Africa Sustainable Plastic Packaging Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Million Metric Tons)
      • Middle East & Africa Sustainable Plastic Packaging Market Share & Forecast, 2016-2027
        • By Packaging Type
          • Rigid Plastic Packaging
          • Flexible Plastic Packaging
          • Industrial Plastic Packaging
        • By Packaging Format
          • Primary Packaging
          • Secondary Packaging
          • Tertiary Packaging
        • By Process
          • Recyclable
          • Reusable
          • Biodegradable
        • By End-User Industry
          • Food & Beverages
          • Personal Care
          • Healthcare
          • Others
        • By Country
          • Saudi Arabia
          • UAE
          • South Africa
          • Rest of Middle East & Africa
        • Price-Point Analysis
        • Manufacturer & Distributor List (Top 5)
        • Company Market Share (Top 3-5)
        • Economic Impact Study on Middle East & Africa Sustainable Plastic Packaging Market
  1. Competitor Analysis
    • Company Description
    • Financial Analysis
    • Key Products
    • Key Management Personnel
    • Contact Address
    • SWOT Analysis
    • Company Profile
      • Amcor PLC
      • Sonoco Products Company
      • Sealed Air Corporation
      • Huhtamaki OYJ
      • Berry Global Inc.
      • Smurfit Kappa
      • Mondi Plc
      • Uflex Ltd
      • Constantia Flexibles
      • Genpak Llc
      • Plastic Suppliers Inc.
      • Natureworks Llc
      • Phoenix Technologies International Llc
      • Novamont S.P.A
      • Innovia Films
      • Essel Propack
      • Gerresheimer Ag
      • Other Prominent Players